Hutchinson Legal » Real Estate Solutions News

Stamp Duty Relief

tim — Sun, 31 May 2009 10:48:52 +0000

The first $1050 of stamp duty on vehicles which were lost in recent Victorian bushfires may be waived. Similarly the first $21,970 of stamp duty on new homes for those who qualify may also be waived. The SRO will assess relief on a case by case basis. The waiver does not apply to commercial vehicles or properties.

SRO Land Tax Relief

tim — Sun, 31 May 2009 10:48:11 +0000

Land tax may be waived for property destroyed or substantially damaged (such that property is uninhabitable) in recent Victorian bushfires; the State Revenue Office (SRO) will identify the affected land in these circumstances and taxpayers are not required to apply for land tax relief. In other situations, land tax may be waived on a case by case basis; taxpayers are required to complete the ‘Land Tax Relief Application form’ available from SRO in these circumstances.

First Home Owners Grant

tim — Sun, 31 May 2009 10:47:31 +0000

Prime Minister Kevin Rudd has announced that the First Home Owner’s Boost has been extended to 30 September 2009, with the boost to end December 31st 2009.